Citigroup Increases Dunkin Brands Group (DNKN) Price Target to $87.00

Dunkin Brands Group (NASDAQ:DNKN) had its target price hoisted by Citigroup from $83.00 to $87.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s target price suggests a potential upside of 19.90% from the company’s previous close.

Other analysts have also issued reports about the stock. TheStreet upgraded shares of Dunkin Brands Group from a “c+” rating to a “b” rating in a research report on Friday, July 27th. Royal Bank of Canada restated a “buy” rating and set a $75.00 price target on shares of Dunkin Brands Group in a research report on Friday, July 27th. BidaskClub lowered shares of Dunkin Brands Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 3rd. Robert W. Baird restated a “buy” rating and set a $80.00 price target on shares of Dunkin Brands Group in a research report on Thursday, July 26th. Finally, Maxim Group restated a “buy” rating and set a $77.00 price target on shares of Dunkin Brands Group in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $70.17.

NASDAQ DNKN opened at $72.56 on Tuesday. Dunkin Brands Group has a 12-month low of $55.60 and a 12-month high of $77.13. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 2.09 and a beta of 0.35.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.10. Dunkin Brands Group had a net margin of 30.28% and a negative return on equity of 41.14%. The business had revenue of $350.01 million during the quarter, compared to analyst estimates of $344.17 million. As a group, equities research analysts anticipate that Dunkin Brands Group will post 2.84 EPS for the current year.

In other Dunkin Brands Group news, insider Richard J. Emmett sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $70.97, for a total transaction of $709,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Nigel Travis sold 162,740 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $70.37, for a total transaction of $11,452,013.80. Following the transaction, the chairman now directly owns 387,597 shares of the company’s stock, valued at approximately $27,275,200.89. The disclosure for this sale can be found here. Insiders have sold 426,496 shares of company stock valued at $30,180,509 in the last ninety days. Insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in shares of Dunkin Brands Group by 1,645.7% during the second quarter. Victory Capital Management Inc. now owns 839,389 shares of the restaurant operator’s stock valued at $57,976,000 after acquiring an additional 791,307 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Dunkin Brands Group by 7.8% during the second quarter. Dimensional Fund Advisors LP now owns 569,154 shares of the restaurant operator’s stock valued at $39,312,000 after acquiring an additional 41,318 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Dunkin Brands Group by 7.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 436,919 shares of the restaurant operator’s stock valued at $30,178,000 after acquiring an additional 32,045 shares in the last quarter. Sei Investments Co. increased its position in shares of Dunkin Brands Group by 8.8% during the second quarter. Sei Investments Co. now owns 390,811 shares of the restaurant operator’s stock valued at $26,994,000 after acquiring an additional 31,593 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Dunkin Brands Group by 1.5% during the second quarter. Macquarie Group Ltd. now owns 348,820 shares of the restaurant operator’s stock valued at $24,093,000 after acquiring an additional 5,025 shares in the last quarter. 98.77% of the stock is owned by institutional investors.

Dunkin Brands Group Company Profile

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.

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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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